GENE MUNSTER: The market overreacted to Google earnings

Gene Munster, founding partner of Loup Ventures, discusses Alphabet's second-quarter earnings report. He talks about how the expected slowdown in Alphabet revenue still hasn't materialized, and says the company has "a lot of good things going on," including a push into AI. Munster says the sharp downward move on Alphabet's earnings was a "short-sighted" reaction, and calls the company "the oxygen of the Internet."